America First Multifamily Investors LP (NASDAQ:ATAX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “America First Tax Exempt Investors, L.P. is a consistently performing fund with a portfolio of federally tax-exempt mortgage revenue bonds; interest on these bonds is excludable from gross income for federal tax purposes. As a result, most of the income earned by the Partnership is exempt from federal income taxes. “

ATAX has been the topic of several other reports. TheStreet upgraded shares of America First Multifamily Investors from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Oppenheimer Holdings Inc. set a $6.00 price target on shares of America First Multifamily Investors and gave the company a “buy” rating in a report on Wednesday, August 10th.

America First Multifamily Investors (NASDAQ:ATAX) opened at 5.75 on Wednesday. The stock has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00.

America First Multifamily Investors (NASDAQ:ATAX) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by $0.02. America First Multifamily Investors had a net margin of 50.35% and a return on equity of 8.45%. On average, equities research analysts anticipate that America First Multifamily Investors will post $0.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 8.70%. The ex-dividend date was Wednesday, September 28th. America First Multifamily Investors’s payout ratio is presently 125.00%.

Several large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in America First Multifamily Investors during the third quarter valued at about $918,000. UBS Group AG raised its stake in America First Multifamily Investors by 21.0% in the first quarter. UBS Group AG now owns 435,657 shares of the company’s stock valued at $2,287,000 after buying an additional 75,482 shares during the last quarter. Creative Planning raised its stake in America First Multifamily Investors by 253.2% in the third quarter. Creative Planning now owns 81,114 shares of the company’s stock valued at $479,000 after buying an additional 58,150 shares during the last quarter. JPMorgan Chase & Co. raised its stake in America First Multifamily Investors by 135.9% in the second quarter. JPMorgan Chase & Co. now owns 71,022 shares of the company’s stock valued at $390,000 after buying an additional 40,921 shares during the last quarter. Finally, Morgan Stanley raised its stake in America First Multifamily Investors by 5.9% in the third quarter. Morgan Stanley now owns 725,198 shares of the company’s stock valued at $4,279,000 after buying an additional 40,418 shares during the last quarter. 8.28% of the stock is owned by institutional investors and hedge funds.

About America First Multifamily Investors

America First Multifamily Investors, L.P. is engaged in acquiring, holding, selling and dealing with a portfolio of mortgage revenue bonds, which have been issued to provide construction and/or permanent financing for multifamily and student housing (collectively Residential Properties) and commercial properties.